SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
Property Tenure
Property Tenure
When does the 99 years lease start for properties? Does it start on the year developer acquired the land or TOP date?
The secret of life is honesty and fair dealing. If you can fake that, you've got it made. - Groucho Marx (1890-1977)
Singapore Property Search
Re: Property Tenure
JR8 (who we think has passed away) would have loved this topic. It starts from when the title was created but can be "topped up" by developers. You can usually enquire as to how long is left.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
Re: Property Tenure
With a property of 70+ years left in Singapore, do you think such condos are worth buying? At about $1100 psf. It just feels like there's not much left to it...
The secret of life is honesty and fair dealing. If you can fake that, you've got it made. - Groucho Marx (1890-1977)
- ProvenPracticalFlexible
- Chatter
- Posts: 491
- Joined: Thu, 13 Apr 2006 8:50 pm
- Location: East Coast
Re: Property Tenure
70+ years is not much left? Of course if you plan to have it for your children's retirement home then I'd agree. That is still well pass Singapore 100 years national day celebrations.
I know most Singaporeans prefer to pay the freehold 30% or so premium. I wouldn't as I count it as part of my living cost. And rather save that to somewhere else. But for the price that really depends more on the location. I prefer the old condoes built or designed before Asian financial crisis, when unit and room sizes were bigger. And those are in that 70 years left range exactly.
But seeing how things are built I don't think most condos are worth maintaining for 99 years, but rather enbloc and bulldoze after 50-70 years.
I know most Singaporeans prefer to pay the freehold 30% or so premium. I wouldn't as I count it as part of my living cost. And rather save that to somewhere else. But for the price that really depends more on the location. I prefer the old condoes built or designed before Asian financial crisis, when unit and room sizes were bigger. And those are in that 70 years left range exactly.
But seeing how things are built I don't think most condos are worth maintaining for 99 years, but rather enbloc and bulldoze after 50-70 years.
The primary problem is the banks stop lending when the lease falls below a certain period - I think it's 50 years?
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
- ProvenPracticalFlexible
- Chatter
- Posts: 491
- Joined: Thu, 13 Apr 2006 8:50 pm
- Location: East Coast
Re: Property Tenure
Yes more difficult to get a loan or smaller amount, but not if there's any law or regulation about it, it's more each banks risk assessment and policies. But there's some limitations for using CPF money related to the lease time. Was it something that must be long enough to you reach the age of 95. Plus not for properties with less than 30 year's lease left etc.
-
- Similar Topics
- Replies
- Views
- Last post
-
-
Foreign property mortgages from OCBC or other Singapore bank (USA property specifically)
by American » Sat, 01 Dec 2018 2:16 pm » in Property Talk, Housing & Rental - 7 Replies
- 4633 Views
-
Last post by PNGMK
Tue, 04 Dec 2018 12:45 pm
-
-
-
Procedures for foreigner to buy Property in Singapore
by greensencha » Mon, 26 Mar 2018 10:03 am » in Property Talk, Housing & Rental - 1 Replies
- 1703 Views
-
Last post by PNGMK
Tue, 27 Mar 2018 6:40 am
-
-
- 0 Replies
- 1880 Views
-
Last post by Pal
Thu, 26 Apr 2018 7:27 am
-
-
Services Expat Expect from their property agents
by happyshandy » Wed, 23 May 2018 3:32 am » in Property Talk, Housing & Rental - 2 Replies
- 2178 Views
-
Last post by Strong Eagle
Wed, 30 May 2018 7:58 pm
-
-
- 1 Replies
- 1313 Views
-
Last post by sundaymorningstaple
Wed, 12 Sep 2018 11:07 pm
Who is online
Users browsing this forum: No registered users and 3 guests